Thanks but contracting / doing projects with a friend is hardly "owning a successful business".
You wouldn't call $5/hour folks on upwork "business owners". We're basically doing the same thing, selling our time for money.
You wouldn't call $5/hour folks on upwork "business owners". We're basically doing the same thing, selling our time for money.
Small business owner: files 1099, pays self employment tax.
Employee: files 1040, doesn’t pay self employment tax.